BBC ‘eyeing bid for Dave owner UKTV’

16 November 2017

The BBC is reportedly considering a £500 million bid to take full control of the broadcaster behind Dave and Gold channels.

BBC Worldwide is looking to raise finance from private investors to buy out the 50% of UKTV it does not already own - sparked off by a takeover bid for its US joint venture partner Scripps, according to the Daily Telegraph.

It is understood Discovery's $14.6 billion (£11.08 billion) takeover of American broadcaster Scripps will trigger a change of control clause in the UKTV joint venture agreement, allowing the BBC the right to buy the remaining half of UKTV.